Nasdaq set to jump as tech stocks snap back
4 years, 1 month ago

Nasdaq set to jump as tech stocks snap back

Live Mint  

Wall Street's main indexes were set to open higher on Wednesday as signs of a working COVID-19 vaccine raised hopes of a faster-than-expected economic rebound, with technology stocks bouncing back from steep losses this week. Nasdaq 100 futures were up more than 1%, while technology mega-caps including Netflix Inc, Amazon.com Inc and Facebook Inc, the so-called stay-at-home winners, also gained about 1% in premarket trading. Encouraging data from a late-stage vaccine earlier this week prompted a rotation away from technology names, and lifted demand for stocks sensitive to economic growth, as well as those that have lagged this year such as energy, financials and industrials. Meanwhile, the Democratic Party retained control of the US House of Representatives, but investors are more focused on Senate races in Georgia in January that could determine if major Democratic priorities like a large coronavirus aid bill would be passed by Congress.

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History of this topic

Wall Street today: US stocks mixed as funding bill averts partial shutdown, Nvidia gains 1.6%, Qualcomm climbs 2.8%
Trending News
2 weeks, 2 days ago

Wall Street today: US stocks mixed as funding bill averts partial shutdown, Nvidia gains 1.6%, Qualcomm climbs 2.8%

Live Mint  

US stocks were mixed on Monday, as a stopgap government funding bill averted a partial shutdown. At 11:07 a.m. the Dow Jones Industrial Average fell 247.19 points, or 0.58 per cent, to 42,593.07 and the S&P 500 lost 5.47 points, or 0.09 per cent, to 5,925.38. At 09:45 am ET, the Dow Jones Industrial Average fell 132.48 points, or 0.32 …

Stunning rally in Big Tech drives Nasdaq to 20,000
4 weeks ago

Stunning rally in Big Tech drives Nasdaq to 20,000

Live Mint  

* Nasdaq hits 20,000 amid AI excitement, rate-cut expectations * Tech stocks drive Nasdaq's 33% annual rise * Megacap stocks' dominance raises concentration concerns By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK, Dec 11 - The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement …

Wall St holds Trump trade gains with stocks steady, bitcoin at record high
Trending News
1 month, 4 weeks ago

Wall St holds Trump trade gains with stocks steady, bitcoin at record high

Live Mint  

By Lawrence Delevingne -Wall Street kicked off a busy week on Monday by holding on to gains from the surge in stocks that followed Donald Trump's U.S. election victory, while oil prices declined and bitcoin raced to a new record high. Hong Kong shares slipped to a three-week low as China's local government debt-relief package fell short of investors' expectations …

Markets close at record highs as Trump is reelected
2 months ago

Markets close at record highs as Trump is reelected

CNN  

New York CNN — US stocks rocketed higher Wednesday following a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election. JPMorgan analysts predicted in a report ahead of Tuesday’s election result that under a “red wave,” stocks stood to gain through the end of 2024, but “the uncertainty around policy execution would become more prominent …

Markets rise on U.S. presidential election's outcome
2 months ago

Markets rise on U.S. presidential election's outcome

NPR  

Markets rise on U.S. presidential election's outcome U.S. stock markets were poised to soar on Wednesday after former President Donald Trump claimed victory in the presidential race. Elon Musk, an outspoken Trump supporter, saw Tesla shares rise by more than 12% in pre-market trading. The company, which reflects Trump’s Truth Social platform, had seen its DJT stock hammered on Tuesday, …

Wall Street today: US stocks mixed ahead of presidential election, Nvidia rises 1.7%
2 months ago

Wall Street today: US stocks mixed ahead of presidential election, Nvidia rises 1.7%

Live Mint  

US stocks were mixed on Monday ahead of Tuesday’s presidential election and Federal Reserve’s expected rate cut decision later in the week. The Dow Jones Industrial Average was down 0.5 per cent, and the Nasdaq Composite was 0.1 per cent higher. The Dow Jones Industrial Average was down 0.3per cent and the Nasdaq Composite was 0.1per cent higher. At the …

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
2 months, 1 week ago

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles

LA Times  

Rallying technology stocks sent the Nasdaq composite index to a record on Tuesday, but trading was mixed elsewhere on Wall Street as home builders and Ford Motor sank after the latest profit reports. The S&P 500 rose 0.2%, inching closer to its all-time high set earlier this month, even though most of the stocks in the index fell for the …

Nasdaq sees biggest drop in 2 years as tech earnings spark selloff
5 months, 2 weeks ago

Nasdaq sees biggest drop in 2 years as tech earnings spark selloff

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Major stocks fell dramatically …

Wall St: Nasdaq, S&P rise on tech boost after Biden-Xi talks
2 years, 9 months ago

Wall St: Nasdaq, S&P rise on tech boost after Biden-Xi talks

Live Mint  

The Nasdaq and the S&P 500 indexes inched higher in volatile trading on Friday as megacap stocks gained ground, while investors assessed talks between U.S. President Joe Biden and his Chinese counterpart Xi Jinping over the Ukraine conflict. "The geopolitical concerns are responsible for the vast majority of the market movement this week despite the fact that the Fed hiked …

Business Highlights: Volatile stocks, consumer confidence
2 years, 11 months ago

Business Highlights: Volatile stocks, consumer confidence

Associated Press  

___ Stocks end lower on Wall Street after another volatile day NEW YORK — Stocks closed lower on Wall Street Tuesday after another volatile day of trading. — U.S. consumer confidence declined this month as Americans became slightly less optimistic about their near-term financial prospects amid persistent inflation and the highly contagious omicron variant of the coronavirus. ___ GM to …

Tech leads stocks lower in early trading on Wall Street
3 years, 11 months ago

Tech leads stocks lower in early trading on Wall Street

Associated Press  

NEW YORK — Tech companies are leading stocks lower in the early going on Wall Street, including a steep drop in IBM after the company reported disappointing revenue in the latest quarter. European stocks fell following a weak reading on that region’s economy, and Asian markets fell after a resurgence of coronavirus infections in China. BEIJING — Global stock markets …

Wall Street rises on hopes of vaccine-fueled recovery and bigger fiscal support
4 years ago

Wall Street rises on hopes of vaccine-fueled recovery and bigger fiscal support

Live Mint  

US stocks rose on Wednesday, led by energy and material stocks, as investors bet on a strong economic recovery in 2021 on the back of COVID-19 vaccine rollouts and hopes of bigger fiscal support. The chances of a bigger stimulus check dimmed on Tuesday after Senate Majority Leader Mitch McConnell blocked a quick vote to back President Donald Trump's call …

Wall Street cheered by vaccine roll-out, mega M&A activity
4 years ago

Wall Street cheered by vaccine roll-out, mega M&A activity

Hindustan Times  

Wall Street’s main indexes rose on Monday as travel stocks surged on the launch of a nationwide Covid-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year’s biggest deals. Cruise operators Carnival Corp and Royal Caribbean Cruises rose 4.1% and 0.5%, respectively, while stocks of major airline operators added between …

Moderna Covid-19 vaccine progress lifts stock markets
4 years, 1 month ago

Moderna Covid-19 vaccine progress lifts stock markets

Hindustan Times  

A week after Pfizer announced that its Covid-19 vaccine was more than 90 per cent effective, Moderna also announced preliminary data from its late-stage trials that showed that its candidate has an efficacy of 94.5 per cent. Not only Moderna’s shares but US stocks also jumped nearing a record 30,000 on the Dow as announcement by Moderna comes amid rising …

Dow hits record high as Moderna data bolsters vaccine bets
4 years, 1 month ago

Dow hits record high as Moderna data bolsters vaccine bets

Live Mint  

The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. Travel-related stocks including United Airlines Holdings Inc, American Airlines Group Inc, Carnival Corp and Norwegian Cruise Line Holdings Ltd, which have lost …

Stocks open higher on Wall Street on more good vaccine news
4 years, 1 month ago

Stocks open higher on Wall Street on more good vaccine news

Associated Press  

NEW YORK — Encouraging news on a second possible coronavirus vaccine sent stocks higher in early trading on Wall Street, following gains in overseas markets. Stock markets jumped higher on Monday on news that a second coronavirus vaccine showed promise, bolstering hopes even as new infections surged around the world. Even before the vaccine news, markets had been trading higher …

Wall Street update: US stocks slip on COVID-19 concerns
4 years, 1 month ago

Wall Street update: US stocks slip on COVID-19 concerns

Live Mint  

Futures tracking the S&P 500 and Dow fell on Thursday as US coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day. Wall Street's three main indexes have climbed between 8% and 11% in less than two weeks on prospects of measured industry …

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine
4 years, 1 month ago

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine

Huff Post  

A stock ticker with Pfizer stock information is shown at the New York Stock Exchange, Monday, Nov. 9, 2020. ASSOCIATED PRESS NEW YORK — Stocks are surging Monday, catapulting Wall Street back to record heights, on a burst of hope following encouraging data about a potential COVID-19 vaccine. The S&P 500 was 3.3% higher in morning trading after Pfizer said …

Dow soars more than 800 points after Pfizer announces great news about its vaccine and Joe Biden declared victorious
4 years, 2 months ago

Dow soars more than 800 points after Pfizer announces great news about its vaccine and Joe Biden declared victorious

CNN  

New York CNN Business — It was a wild day on Wall Street with stocks surging on Monday after Pfizer said its Covid-19 vaccine is 90% effective and Joe Biden was projected to be the winner of the presidential election over the weekend. “The strong results from the Pfizer vaccine were better than most expected and means we could be …

Global stocks are soaring on hopes of a coronavirus vaccine
4 years, 2 months ago

Global stocks are soaring on hopes of a coronavirus vaccine

CNN  

New York CNN Business — Global stocks and US futures surged on Monday after drugmaker Pfizer said that an early look at data from its coronavirus vaccine shows it’s more than 90% effective. The vaccine “looks like the game-changing panacea the oil market has been waiting for,” chief global markets strategist at Axi, Stephen Innes said in a research note. …

Wall Street Pauses as Joe Biden Edges Closer to Victory in US Presidential Election
4 years, 2 months ago

Wall Street Pauses as Joe Biden Edges Closer to Victory in US Presidential Election

News 18  

Wall Street’s main indexes took a breather on Friday after sharp gains this week as Democrat Joe Biden edged closer to victory in a nail-biting election, while the monthly jobs report underlined the economic challenge facing America’s next president. “Even with these states being really close, we might have to go back and recount, so we’re in for a long …

Stocks Soar As Tense Election Draws To A Close
4 years, 2 months ago

Stocks Soar As Tense Election Draws To A Close

NPR  

Stocks Soar As Tense Election Draws To A Close Enlarge this image toggle caption Mary Altaffer/AP Mary Altaffer/AP Stocks surged for a second consecutive day on Tuesday as investors bet wins by Democrats in elections would raise the chances for a comprehensive coronavirus relief package. Former Vice President Joe Biden was leading in most polls ahead of Tuesday's election, while …

Wall Street update: US stocks mostly up in choppy trading after GDP data
4 years, 2 months ago

Wall Street update: US stocks mostly up in choppy trading after GDP data

Live Mint  

The S&P 500 and Nasdaq were set to open higher on Thursday after data showed domestic economy grew at an unrivaled pace in the third quarter as the government poured out more than $3 trillion worth of pandemic relief. Democratic challenger Joe Biden holds a comfortable lead over President Donald Trump in national polls, but the race in battleground states …

Stocks Surge After White House Says It's Open To Pandemic Aid After All
4 years, 3 months ago

Stocks Surge After White House Says It's Open To Pandemic Aid After All

NPR  

Stocks Surge After White House Says It's Open To Pandemic Aid After All Enlarge this image toggle caption Courtney Crow/AP Courtney Crow/AP Updated at 4:35 p.m. ET Stocks finished sharply higher after President Trump said he's open to stand-alone bills to aid airlines and small businesses, a reversal from statements he made earlier. Stock prices fell suddenly Tuesday afternoon after …

Wall Street update: Dow jumps over 400 pts on stimulus hopes, upbeat data
4 years, 3 months ago

Wall Street update: Dow jumps over 400 pts on stimulus hopes, upbeat data

Live Mint  

Wall Street's main indexes jumped on Wednesday, led by industrials and technology-related stocks, as officials rekindled the idea of an imminent fiscal stimulus package, while upbeat data suggested a domestic economic recovery was on track. All 11 major S&P indexes were up, with energy also among the biggest gainers, as data showed U.S. private employers stepped up hiring in September, …

Covid-19 vaccine can mark a ‘big top’ for equity rally, says BofA
4 years, 4 months ago

Covid-19 vaccine can mark a ‘big top’ for equity rally, says BofA

Live Mint  

The announcement of a Covid-19 vaccine would likely mark the “big top” for the rally in stocks and credit markets, according to Bank of America Corp. With a surge in risk assets having recently pushed the S&P 500 Index to a record high, confirmation of a breakthrough along with a major recovery in jobs are needed to put a cap …

US stocks rally amid Covid-19 treatment hopes; Apple set to cross $500 per share
4 years, 4 months ago

US stocks rally amid Covid-19 treatment hopes; Apple set to cross $500 per share

Live Mint  

The S&P 500 and the Nasdaq scaled new heights on Monday, boosted by technology mega-caps and U.S. approval for the emergency use of blood plasma in treating COVID-19 patients. Apple Inc gained 2.7% to cross $500 per share for the first time, providing the biggest boost to the three main stock indexes. Facebook Inc, Amazon.com Inc, Microsoft Corp and Google-parent …

Big tech stocks could fall sharply if there’s a vaccine
4 years, 5 months ago

Big tech stocks could fall sharply if there’s a vaccine

CNN  

New York CNN Business — Hopes are growing that a Covid-19 vaccine is coming. But Goldman Sachs thinks a vaccine might actually upend the stock market, which has continued to rally despite worries about a rise in cases in several key states. While a vaccine could boost the United States economy, it could also spur investors to dump the current …

Asia shares rise on vaccine hopes, tech rally on Wall Street
4 years, 5 months ago

Asia shares rise on vaccine hopes, tech rally on Wall Street

Associated Press  

Asian shares were mostly higher Tuesday on rising hopes for an effective vaccine to fight the coronavirus pandemic. A vaccine under development by colleagues of Dr. Anthony Fauci, the nation’s top infectious diseases expert at the National Institutes of Health, and Moderna Inc., will start its final testing around July 27. Overnight, U.S. technology and communication stocks and companies that …

Nasdaq tops 10,000 for the first time ever
4 years, 7 months ago

Nasdaq tops 10,000 for the first time ever

CNN  

New York CNN Business — Wall Street’s love affair with technology stocks shows no sign of stopping. The Nasdaq, an index that includes the top FAANG stocks, Microsoft, Tesla and many other titans of tech, topped 10,000 for the first time ever Tuesday. Investors have flocked to tech giants, such as Facebook, Apple, Amazon, Netflix and Google owner Alphabet, this …

Wall Street gains after reports of Boeing to resume production next week; investors cheer Trump's plan to reopen economy
4 years, 8 months ago

Wall Street gains after reports of Boeing to resume production next week; investors cheer Trump's plan to reopen economy

Firstpost  

Boeing’s shares soared 11.7 percent on plans to resume commercial aircraft production in Washington state after halting operations last month due to the coronavirus pandemic Wall Street bounced on Friday as Boeing said it would resume production of commercial jets next week, with investors also cheering President Donald Trump’s plan to reopen the economy and on hopes of a potential …

Wall Street jumps as hopes for easing lockdown offset earnings worry; Nasdaq registers fourth straight day of gains
4 years, 8 months ago

Wall Street jumps as hopes for easing lockdown offset earnings worry; Nasdaq registers fourth straight day of gains

Firstpost  

Advancing issues outnumbered declining ones on the NYSE by a 3.19-to-1 ratio; on Nasdaq, a 2.54-to-1 ratio favored advancers. New York: US stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus outbreak overshadowed worrying earnings reports from JP Morgan and Wells Fargo. White House adviser Larry Kudlow said President Donald Trump …

Wall Street and Main Street on watch to see if Trump gains erased
4 years, 9 months ago

Wall Street and Main Street on watch to see if Trump gains erased

Al Jazeera  

US stocks open lower, signalling more losses ahead after Dow closed below 20,000 for first time since Feb 2017. United States stocks drafted lower then higher on Thursday, following Wednesday’s session that saw the Dow Jones Industrial Average close below 20,000 for the first time since February 2017 – a hair’s breadth from erasing all of its gains since President …

Recovery stalled: Shares fall as US virus measures disappoint
4 years, 9 months ago

Recovery stalled: Shares fall as US virus measures disappoint

Al Jazeera  

Investors expected more from the Trump administration in fighting the coronavirus, ending a brief stock market rally. Asian shares and Wall Street futures fell on Wednesday as growing scepticism about the United States’s stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally. Those gains looked short-lived in early Asian trade, with US stock futures …

US stocks jump as Joe Biden takes the lead
4 years, 10 months ago

US stocks jump as Joe Biden takes the lead

Live Mint  

Wall Street surged on Wednesday as former Vice President Joe Biden's strong showing in the "Super Tuesday" primary contests gave a boost to healthcare stocks and upbeat economic data helped sooth investors' coronavirus anxieties. Former Vice President Joe Biden emerged as the front-runner for the Democratic presidential nomination following a string of primary victories, providing relief to market participants who …

Biden’s Super Tuesday victories boost financial markets
4 years, 10 months ago

Biden’s Super Tuesday victories boost financial markets

Al Jazeera  

Wall Street roared back to life on Wednesday. The Dow and S&P 500 each ended more than 4 percent higher, as former US Vice President Joe Biden’s strong showing in the Super Tuesday primary contests jolted healthcare stocks and upbeat economic data helped soothe worries about the coronavirus impact. Former Vice President Biden, considered less likely to raise taxes and …

US markets tumble as coronavirus fears mount
4 years, 10 months ago

US markets tumble as coronavirus fears mount

Live Mint  

US stock indexes fell about 1% on Thursday, dragged down by technology heavyweights, as investors fretted over a rise in the cases of coronavirus and its economic impact. Some traders pointed to a Global Times report that said a central Beijing hospital reported 36 new cases as of Thursday, sparking a fresh wave of selling in late morning trade. Investors …

US markets: S&P 500, Nasdaq hit record on IBM, waning China virus fears
4 years, 11 months ago

US markets: S&P 500, Nasdaq hit record on IBM, waning China virus fears

Live Mint  

The S&P 500 and the Nasdaq scaled new highs on Wednesday, as an upbeat forecast from IBM added to optimism over earnings, while China's efforts to contain a virus outbreak eased worries about a wider financial fallout. International Business Machines Corp shares jumped 4.1% after it forecast full-year profit above market expectations on strength in its high-margin cloud computing business. …

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